Ecosystem Weekly | 28th Jun ’20

BigBasket Looks To Raise $350 Mn At $2 Bn Valuation To Fight Jio-Facebook Online grocery delivery platform BigBasket is looking to raise $250 Mn to $300 Mn from both new and existing investors at a valuation of $1.5 Bn-$2 Bn, the company’s co-founder Hari Menon confirmed. The company reportedly wants to keep its inventory ready…


Ecosystem Weekly | 21st Jun ’20

India’s Reliance Jio Platforms to sell $1.5 billion stakes to Saudi Arabia’s Public Investment Fund Billionaire Mukesh Ambani has found yet another high-profile firm to write a massive check to his telecom venture Reliance Jio Platforms at the height of a global pandemic. Read More o9 Solutions startup raises $100 M from KKR, plans to…


Ecosystem Weekly | 14th Jun ’20

Dr Reddy’s tweaks deal with Wockhardt on Covid-19 impact Dr. Reddy’s Laboratories Ltd said on Wednesday it has bought a plant as well as select divisions of Wockhardt Ltd’s branded generics business in India, Nepal, Sri Lanka, Bhutan and the Maldives. Read More US-based startup Postman raises $150 Mn in Series C round at $2…


Ecosystem Weekly | 7th Jun ’20

Amazon in talks to buy $2-bn stake in Bharti Airtel Amazon.com is in early-stage talks to buy a stake worth at least $2 Bn in Indian mobile operator Bharti Airtel, three sources with knowledge of the matter told Reuters, underscoring the growing attraction of India’s digital economy for U.S. tech giants Read More Abu Dhabi’s…